{"id":27467,"date":"2018-02-12T14:48:12","date_gmt":"2018-02-12T14:48:12","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=27467"},"modified":"2023-11-02T09:24:42","modified_gmt":"2023-11-02T13:24:42","slug":"tax-deductions-franchise-owners","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners","title":{"rendered":"Legit Tax Deductions for Home-Based Franchise Owners"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-27469\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office-620x413.jpg\" alt=\"legit tax deductions home-based franchises\" width=\"650\" height=\"413\" \/><\/a><\/p>\n<p>(<em>This is a guest post from <a href=\"https:\/\/www.thefranchiseking.com\/rainbow-cone-franchising\" target=\"_blank\" rel=\"noopener\">Barbara Weltman<\/a>, a top tax expert.<\/em>)<\/p>\n<p>My friend owns Cruise Planners, a franchise, that she runs from home. If you\u2019re like her and <a href=\"https:\/\/www.thefranchiseking.com\/franchises-operate-from-home\">operate your franchise from home<\/a>, you may be able to treat what would otherwise be nondeductible personal expenses as a business deduction called the <em>home office deduction<\/em>. Do you qualify for this tax break?<\/p>\n<h2>Eligibility<\/h2>\n<p>To claim a home office <a title=\"small business deductions\" href=\"https:\/\/www.barbaraweltman.com\/tax-preparation-challenges-for-small-businesses\/\" target=\"_blank\" rel=\"noopener\">deduction<\/a>, you must meet two tests:<\/p>\n<p><strong><em>\u00a0<\/em><\/strong><strong><em>Test one: <\/em><\/strong>You must use the space in your home <em>regularly and exclusively <\/em>for business. Your kitchen table won\u2019t do because you use it for personal purposes, such as eating or gathering with family.<\/p>\n<p><strong><em>\u00a0<\/em><\/strong><strong><em>Test two: <\/em><\/strong>The space must be:<\/p>\n<ul>\n<li><em>Your principal place of business<\/em>. If you conduct business at clients\u2019 or customers\u2019 locations, the home can still meet this test if you use it for substantial administrative or ministerial activities (<em>keeping books and records, billing for your work<\/em>)<\/li>\n<li><em>A place to meet or deal with customers\/clients\/patients in the normal course of business<\/em>. Making phone calls isn\u2019t enough.<\/li>\n<li><em>A separate structure used for business<\/em> (<em>e.g., a greenhouse, or separate garage used to store inventory<\/em>).<\/li>\n<\/ul>\n<p>If your <a title=\"franchise businesses\" href=\"https:\/\/www.thefranchiseking.com\/new-top-10-alternative-facts-about-franchising\">franchise business<\/a> is incorporated, things get complicated. As an employee your home office deduction can only be claimed as a personal miscellaneous itemized deduction (<em>you have to itemize and miscellaneous deductions must exceed 2% of your adjusted gross income<\/em>). And you have to show that working from this space is for the convenience of your employer (<em>your corporation<\/em>). But this option isn\u2019t a good solution because the 2% floor and other restrictions on itemized deductions.<\/p>\n<h2>Do This Instead<\/h2>\n<p>A better way is to arrange to be reimbursed for <a href=\"https:\/\/www.thefranchiseking.com\/successful-business-owners\">business<\/a> expenses in the office (<em>e.g., Internet access<\/em>). The corporation can set up an <em>accountable plan<\/em> and reimburse you for the costs. The reimbursements become tax free to you, with the expenses deductible by the corporation.<\/p>\n<p>Don\u2019t even <em>think<\/em> about renting your home office to the corporation. You would have to report the rent and are barred from taking deductions for renting the space to your employer. Remember that if you own your home, you already benefit from itemized deductions for mortgage interest and property taxes and don\u2019t need to pick up additional <a title=\"making money in franchising\" href=\"https:\/\/www.thefranchiseking.com\/can-choosing-right-franchise-make-you-rich\">income<\/a>.<\/p>\n<h2>Legit Tax Deductions for Home-Based Franchise Owners<\/h2>\n<p><strong>How to figure the deduction<\/strong><\/p>\n<p>It&#8217;s important to realize that you have a choice of how to do this: claim your actual expenses related to the portion of the home used for business or rely on an IRS-set rate. First determine the square footage of your business space; then decide on the method for figuring the deduction.<\/p>\n<ul>\n<li><strong><em>Actual expenses. <\/em><\/strong>Add up all direct expenses, such as the cost of painting a spare bedroom that you use as the office, and a portion of indirect expenses, which are costs related to the entire home (<em>utilities, homeowners\u2019\/renters\u2019 insurance, rent, mortgage interest, etc.<\/em>). If you use 10% of the home for business, then 10% of these costs are taken into account.<\/li>\n<li><strong><em>Simplified method. <\/em><\/strong>Instead of tracking each expense, you can opt to deduct $5 per square foot up to 300 square feet of space (<em>top deduction of $1,500<\/em>). You can still take certain personal expenses (e.g., mortgage interest, property taxes) in full as itemized deductions on Schedule A of Form 1040.<\/li>\n<\/ul>\n<p><strong>Resources<\/strong><\/p>\n<p>Learn more about the home office deduction in IRS Publication 587 (<a title=\"irs\" href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p587.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.irs.gov\/pub\/irs-pdf\/p587.pdf<\/a>) and in the instructions to Form 8929, <em>Expenses for Business Use of Your Home <\/em>(<a title=\"tax info irs\" href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/i8829.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.irs.gov\/pub\/irs-pdf\/i8829.pdf<\/a>).<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tax-expert-barbara-weltman.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27470\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/tax-expert-barbara-weltman.jpg\" alt=\"barbara weltman headshot\" width=\"216\" height=\"271\" \/><\/a><\/p>\n<p><em>(My friend,<\/em><strong><em> Barbara Weltman <\/em><\/strong><em>is an attorney, a prolific author with such titles as J.K. Lasser\u2019s Small Business Taxes and J.K. Lasser\u2019s Guide to Self-Employment, and a trusted advocate for small businesses and entrepreneurs. She is also the publisher of Idea of the Day\u00ae and Big Ideas for Small Business\u00ae at <a title=\"barbara weltman author\" href=\"https:\/\/www.barbaraweltman.com\" target=\"_blank\" rel=\"noopener\">www.barbaraweltman.com<\/a> and hosts a monthly radio host. She works with Fortune 500 companies seeking to reach the small business community. Barbara has been named one of the 100 Small Business Influencers in the U.S. five years in a row. Follow her on Twitter <a title=\"tax experts on twitter\" href=\"https:\/\/twitter.com\/BarbaraWeltman\" target=\"_blank\" rel=\"noopener\">@BarbaraWeltman<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is a guest post from Barbara Weltman, a top tax expert.) My friend owns Cruise Planners, a franchise, that she runs from home. If you&rsquo;re like her and operate your franchise from home, you may be able to treat what would otherwise be nondeductible personal expenses as a business deduction called the home office [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[46,745],"tags":[83,1879],"class_list":["post-27467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-based-franchises","category-taxes","tag-barbara-weltman","tag-tax-deductions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Legit Tax Deductions for Home-Based Franchise Owners &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legit Tax Deductions for Home-Based Franchise Owners\" \/>\n<meta property=\"og:description\" content=\"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise King\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-12T14:48:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T13:24:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Joel Libava\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners\"},\"author\":{\"name\":\"Joel Libava\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\"},\"headline\":\"Legit Tax Deductions for Home-Based Franchise Owners\",\"datePublished\":\"2018-02-12T14:48:12+00:00\",\"dateModified\":\"2023-11-02T13:24:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners\"},\"wordCount\":700,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/home-based-franchise-office.jpg\",\"keywords\":[\"barbara weltman\",\"tax deductions\"],\"articleSection\":[\"Home-Based Franchises\",\"taxes\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners\",\"name\":\"Legit Tax Deductions for Home-Based Franchise Owners &#8212; The Franchise King\u00ae\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/home-based-franchise-office.jpg\",\"datePublished\":\"2018-02-12T14:48:12+00:00\",\"dateModified\":\"2023-11-02T13:24:42+00:00\",\"description\":\"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#primaryimage\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/home-based-franchise-office.jpg\",\"contentUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/home-based-franchise-office.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"home-based franchise tax deductions\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/tax-deductions-franchise-owners#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home-Based Franchises\",\"item\":\"https:\\\/\\\/www.thefranchiseking.com\\\/category\\\/home-based-franchises\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Legit Tax Deductions for Home-Based Franchise Owners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#website\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\",\"name\":\"The Franchise King\u00ae | Get Franchise Buying Advice\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.thefranchiseking.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\",\"name\":\"Franchise Selection Specialists Inc.\",\"alternateName\":\"The Franchise King\u00ae\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/headshot-2023-the-franchise-king.jpg\",\"contentUrl\":\"https:\\\/\\\/www.thefranchiseking.com\\\/wp-content\\\/uploads\\\/headshot-2023-the-franchise-king.jpg\",\"width\":230,\"height\":319,\"caption\":\"Franchise Selection Specialists Inc.\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.instagram.com\\\/thefranchchiseking\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/joellibava\",\"https:\\\/\\\/www.pinterest.com\\\/franchiseking\\\/\",\"https:\\\/\\\/www.youtube.com\\\/user\\\/JoelLibava\\\/videos\"],\"description\":\"Franchise Selection Specialists Inc. is owned and operated by The Franchise King, Joel Libava. Joel is the author of \\\"Become a Franchise Owner!\\\" (Wiley) and \\\"The Definitive Guide to Franchise Research\\\" (Self). Joel's blog, The Franchise King Blog, is the longest-running blog in franchising. Joel also owns and operates The Franchise Attorney Directory. Joel Libava works 1-on-1 as a Franchise Ownership Advisor, and is a prolific writer on all things franchising. Finally, he's been in franchising close to 25 years.\",\"email\":\"joel@thefranchiseking.com\",\"telephone\":\"2168312610\",\"legalName\":\"Franchise Selection Specialists Inc.\",\"foundingDate\":\"2002-01-20\",\"taxID\":\"20-1184045\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\",\"name\":\"Joel Libava\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg\",\"caption\":\"Joel Libava\"},\"description\":\"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.\",\"sameAs\":[\"https:\\\/\\\/www.thefranchiseking.com\",\"https:\\\/\\\/www.instagram.com\\\/thefranchchiseking1\",\"https:\\\/\\\/linkedin.com\\\/in\\\/joellibava\",\"https:\\\/\\\/in.pinterest.com\\\/franchiseking\\\/\",\"https:\\\/\\\/www.youtube.com\\\/JoelLibava\"],\"knowsAbout\":[\"Franchising\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Legit Tax Deductions for Home-Based Franchise Owners &#8212; The Franchise King\u00ae","description":"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners","og_locale":"en_US","og_type":"article","og_title":"Legit Tax Deductions for Home-Based Franchise Owners","og_description":"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.","og_url":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners","og_site_name":"The Franchise King\u00ae","article_published_time":"2018-02-12T14:48:12+00:00","article_modified_time":"2023-11-02T13:24:42+00:00","og_image":[{"width":2048,"height":1365,"url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg","type":"image\/jpeg"}],"author":"Joel Libava","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#article","isPartOf":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners"},"author":{"name":"Joel Libava","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66"},"headline":"Legit Tax Deductions for Home-Based Franchise Owners","datePublished":"2018-02-12T14:48:12+00:00","dateModified":"2023-11-02T13:24:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners"},"wordCount":700,"commentCount":0,"publisher":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"},"image":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#primaryimage"},"thumbnailUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg","keywords":["barbara weltman","tax deductions"],"articleSection":["Home-Based Franchises","taxes"],"inLanguage":"en-US","copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners","url":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners","name":"Legit Tax Deductions for Home-Based Franchise Owners &#8212; The Franchise King\u00ae","isPartOf":{"@id":"https:\/\/www.thefranchiseking.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#primaryimage"},"image":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#primaryimage"},"thumbnailUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg","datePublished":"2018-02-12T14:48:12+00:00","dateModified":"2023-11-02T13:24:42+00:00","description":"In this post, tax expert, Barbara Weltman, dishes on legit tax deductions for home-based franchise owners. Do you know what they are? They could save you money.","breadcrumb":{"@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#primaryimage","url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg","contentUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/home-based-franchise-office.jpg","width":2048,"height":1365,"caption":"home-based franchise tax deductions"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thefranchiseking.com\/tax-deductions-franchise-owners#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thefranchiseking.com\/"},{"@type":"ListItem","position":2,"name":"Home-Based Franchises","item":"https:\/\/www.thefranchiseking.com\/category\/home-based-franchises"},{"@type":"ListItem","position":3,"name":"Legit Tax Deductions for Home-Based Franchise Owners"}]},{"@type":"WebSite","@id":"https:\/\/www.thefranchiseking.com\/#website","url":"https:\/\/www.thefranchiseking.com\/","name":"The Franchise King\u00ae | Get Franchise Buying Advice","description":"","publisher":{"@id":"https:\/\/www.thefranchiseking.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thefranchiseking.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.thefranchiseking.com\/#organization","name":"Franchise Selection Specialists Inc.","alternateName":"The Franchise King\u00ae","url":"https:\/\/www.thefranchiseking.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/headshot-2023-the-franchise-king.jpg","contentUrl":"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/headshot-2023-the-franchise-king.jpg","width":230,"height":319,"caption":"Franchise Selection Specialists Inc."},"image":{"@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.instagram.com\/thefranchchiseking\/","https:\/\/www.linkedin.com\/in\/joellibava","https:\/\/www.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/user\/JoelLibava\/videos"],"description":"Franchise Selection Specialists Inc. is owned and operated by The Franchise King, Joel Libava. Joel is the author of \"Become a Franchise Owner!\" (Wiley) and \"The Definitive Guide to Franchise Research\" (Self). Joel's blog, The Franchise King Blog, is the longest-running blog in franchising. Joel also owns and operates The Franchise Attorney Directory. Joel Libava works 1-on-1 as a Franchise Ownership Advisor, and is a prolific writer on all things franchising. Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/27467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=27467"}],"version-history":[{"count":2,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/27467\/revisions"}],"predecessor-version":[{"id":45220,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/27467\/revisions\/45220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media\/27469"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=27467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=27467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=27467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}